USDT Dominance Tells Us That Shakeout Ahead

Hello, Skyrexians!

Despite most of traders now already do not believe in correction for Bitcoin, USDT.D is showing the potential warning sign. For sure my global forecast for this chart that Tether dominance will go below 2% is still actual. You can find it here. By the way it’s playing out great. But in the short term shakeout is likely.

12 hours time frame Awesome Oscillator shows that wave 1 of global C has been finished. Now it’s time for reactive wave 2. The most likely target is 5.3% at 0.5 Fibonacci. Only from there I expect crypto bull run continuation (for BTC) and start (for altcoins).

Best regards,
Ivan Skyrexio

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